Monty finance ramps up growth plans with regional roll out of fintech solutions

Monty finance ramps up growth plans with regional roll out of fintech solutions

According to Martorano, although the UAE is among the more progressive markets in the region in terms of financial services, 54 per cent of its working population, according to a recent report by the Fintech Consortium, remain under-banked. “It represents a fantastic opportunity for our suite of fintech solutions. Overall, the fintech sector in the Middle East is growing rapidly with a compounded annual growth rate of 30 per cent with many businesses outside of the financial industry also looking to capitalize on digital trends. So now is the right time to push for digital-first solutions across sectors like payments and banking,” he added.

It was also in the UAE where Monty Group launched MyMonty in the region. The platform enables the innovative provision of banking services that will allow anyone to send, receive or request money in just a few steps, with a smooth and seamless experience while still complying with essential regulatory requirements. With MyMonty, businesses will have a reliable partner to guide them through their digital transition with the proper tools and solutions developed by experts in the fintech sector.

Charles Matta, SVP of MyMonty explained, “By partnering with us, banks will launch their own neo bank and companies